Office Condo with
For Sale
$179,000
1688 E GUDE DRIVE Unit 204, Rockville, MD 20850
An individual office condominium includes dedicated storage within its suite.
Property Size597 SF
Price / SF$299.83
Days on Market199
Property Features for 1688 E GUDE DRIVE Unit 204
General Information
Standard status
Active
Size
597 SF
Property subtype
Office
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$2,161
Amenities
storage area
Building Details
Building Size
597 SF
Year Built
1984
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Apr 13
Changed: Oct 27
Last Checked: Oct 26 at 3:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jack Realty Group
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Investment Insights
Based on property information with market context.
This office condominium contains 597 square feet and includes a storage area. Built in 1984, the unit is located at 1688 E Gude Drive, Unit 204, in Rockville, Maryland.
The property backs to a golf course and is described as easily accessible.
The property backs to a golf course and is described as easily accessible.
Key Highlights
- 597‑square‑foot office condominium
- Storage area included
- Built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,296
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,920
$145.9K
Cap Rate 7%
$104,229
$104.2K
Cap Rate 9%
$81,067
$81.1K
Market Conditions
NOI Build-Up for 597 SF
Gross rent
$11.7K $19.68/SF
− Vacancy
−$2.0K −$3.38/SF
EGI
$9.7K $16.30/SF
− OpEx
−$2.4K −$4.07/SF
NOI
$7.3K $12.22/SF
Area
Montgomery County, MD
Vacancy
17.20%
Lease Rate
$19.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,920
Cap Rate 7%
$104,229
Cap Rate 9%
$81,067
Alternative Uses
Best Use
Office B
$104.2K
$91.2K – $121.6K
NOI $7,296 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$210.0K
$183.8K – $245.0K
NOI $14,701 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
844
Businesses Nearby
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Business Placement
Demographics for 20850, MD
51,045
Population
22,468
Households
2.3
Avg Household Size
41
Median Age
67%
College-Educated
94%
High-School Grad
14.1 sq mi
ZIP Area
3,620
Density / Sq Mi
$122,691
Median Household Income
$77,679
Median Earnings
$2,277
Median Rent
$687,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - An individual office condominium includes dedicated storage within its suite.
Where is this office unit located?
The property is located at 1688 E GUDE DRIVE Unit 204 Rockville, MD.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: 597‑square‑foot office condominium; Storage area included; Built in 1984
